Kohler Co. and Platinum Equity have completed the transaction announced in November to establish Kohler Energy as a separate, independent company.
Platinum Equity now holds a majority stake in Energy and Kohler Co. remains an investment partner. Financial details will not be disclosed.
This strategic move will allow Kohler Energy to reach its full potential through the investor's strategic plans.
“Platinum is committed to strengthening Kohler Energy's position as an industry leader and investing in the development of a new generation of innovative solutions. We are excited about the prospects for the company, which has been at the forefront of energy resilience for more than a century,” said Jacob Kotzubei, Co-President of Platinum Equity.
And the results of this transition are already evident. In fact, an important development of the range of marine generator sets is expected as early as next year.
Platinum Equity is a global investment firm with more than $48 billion of assets under management and is an experienced partner in the industrial products sector.